Home » ‘Everything rally’ continues for US equities Source: Sosland Publishing Co. Recap for December 14 US equity markets closed higher Thursday for a second day of a rally sparked by the Federal Reserve bank’s decision to leave interest rates untouched for now and indications their aggressive inflation fighting measures may start to pull back … Read more
Home » Wheat, soybeans, corn climb ahead of reports Source: Sosland Publishing Co. Recap for December 7 Wheat futures climbed Thursday ahead of the USDA’s Crop Production and monthly supply-demand updates. Markets continued to react to China’s purchase of more than one million tonnes US soft wheat, the biggest one-week sales total to the Asian … Read more
Home » Chicago wheat shoots up off Chinese buy Source: Sosland Publishing Co. Recap for December 5 Hard wheat futures were higher and Chicago soft wheat futures soared Tuesday after the USDA confirmed a second straight purchase of the variety by China, bringing the two-day total to 638,000 tonnes. Corn was higher for a fifth … Read more
Home » China soft wheat buy offsets lackluster export inspections Source: Sosland Publishing Co. Recap for December 4 US wheat futures shot higher Monday, Chicago soft wheat by 3% to six-week highs, after the US Department of Agriculture confirmed private sales of 440,000 tonnes of US soft red winter wheat to China, which more than … Read more
Recap for November 28 Super-hot South American weather likely to take a toll on crops helped US soybean futures rise more than 1% Tuesday. Wheat futures were up more than 2%, a technical bounce off contract lows set a day earlier, with support from a decline in EU year-over-year wheat exports and good demand for … Read more
Recap for November 24 Chicago soy complex futures dropped Friday, with soybeans and soybean oil prices down sharply, as beneficial rain fell in top soybean producer and exporter Brazil with more rain forecast for the days ahead. The rain in Brazil also pressured corn futures. Pressure on wheat futures mainly came from ongoing weak export … Read more
Recap for November 22 (Markets were closed for the Thanksgiving holiday.) Chicago grain and soy complex futures mostly closed lower Wednesday ahead of the Thanksgiving holiday. Chicago wheat futures edged higher with support from a new sale of soft red winter wheat to China. Minneapolis wheat futures were lower. KC wheat futures were narrowly mixed. Corn … Read more
Consumer sentiment edged down in November with expectations for future business conditions taking a sharp tumble. The University of Michigan’s consumer sentiment index ended the month at 61.3, a 3.9% drop from the 63.8 in October. The current conditions index fell 3.3% to 68.3, while the future expectations index declined 4.2% to 56.8. However, there … Read more
Home » Investors exit long positions as rain aligns over Brazil Source: Sosland Publishing Co. Recap for November 17 The prospect of rain in drought-stricken Brazil weighed on grain and oilseed futures Friday as traders exited long positions heading into a shortened Thanksgiving trading week. Soybeans and corn dropped more than 1%. Wheat prices were … Read more
Consumers continued to sour on the economic outlook in November while also growing more pessimistic about future inflation, according to the first estimate from the University of Michigan consumer sentiment survey. The index of consumer sentiment fell 5% to a reading of 60.4, down from 63.8 in October. The current economic conditions index fell to … Read more